AI SearchApplication of a coordinated replenishment inventory model in a departmental store
Call Number: AIT Thesis no.IE-81-09 Material type:
TextSeries: Asian Institute of Technology. Thesis ; no. IE-81-09Publication details: Bangkok : Asian Institute of Technology, 1981Description: vii, 81 pSubject(s): Online resources: Dissertation note: Thesis (M.Eng.) - Asian Institute of Technology, 1981 Summary: This study deals with the implementation of a coordinated replenishment inventory control model to a department store. There are frequent occasions where the coordination of replenishment orders for selected groups of items can lead to significant savings in the cost of replenishment. This study uses an (S,c,s) policy which is a practical procedure for selecting the order-up-to levels, can-order points and must-order points of a coordinated control system. Poisson demand and a fixed nonzero replenishment lead time are assumed. This model is appropriate for cases where there are a variety of suppliers and a large number of items supplied, as in a department store. This model is used for 11 suppliers with a total supply of 217 items. Computer programs were written for a coordinated replenishment policy as well as an independent control policy. Cost comparisons with the independent control strategy indicate that substantial savings (averaging 18.95 per cent) are possible through coordination.
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A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering. School of Engineering and Technology
Thesis (M.Eng.) - Asian Institute of Technology, 1981
This study deals with the implementation of a coordinated replenishment inventory control model to a department store. There are frequent occasions where the coordination of replenishment orders for selected groups of items can lead to significant savings in the cost of replenishment. This study uses an (S,c,s) policy which is a practical procedure for selecting the order-up-to levels, can-order points and must-order points of a coordinated control system. Poisson demand and a fixed nonzero replenishment lead time are assumed. This model is appropriate for cases where there are a variety of suppliers and a large number of items supplied, as in a department store. This model is used for 11 suppliers with a total supply of 217 items. Computer programs were written for a coordinated replenishment policy as well as an independent control policy. Cost comparisons with the independent control strategy indicate that substantial savings (averaging 18.95 per cent) are possible through coordination.
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